The EURJPY begins rising – Analysis – 6-7-2020
Economies.com
2020-07-06 05:13AM UTC
The EURJPY pair took advantage of the strength of the bullish channel’s support line at 120.55 to notice forming strong bullish rally recently and record 121.50 level, while the continuous positive pressures will increase the chances of moving towards the main targets around 121.80 and 122.50.
The above chart shows stochastic crawl towards the bullish channel’s support line to increase its strength and confirm blocking the price within the bullish range until reaching the mentioned positive stations.
The expected trading range for today is between 121.20 and 122.50
The expected trend for today: Bullish
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